IPOs

Iconic Sports Spac aims to raise $250m at listing

Iconic's sponsors include James Dinan, a part-owner of the National Basketball Association's Milwaukee Bucks

Iconic Sports Acquisition, a special-purpose acquisition company, seeks to raise $250m when it lists on the New York Stock Exchange, the company said on 19 October.

The company plans to sell 25 million units for $10 each. Each unit consists of one Class a share and one half of a redeemable warrant. Shares are set to trade on the exchange under ticker symbol ICNC.

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